This article is over 9 months old
Rare first printing of U.S. Constitution sells for record $43M
A rare first printing of the U.S. Constitution has sold for $43 million at auction.
The stamp was one of only 30 original United States commemorative stamps, dating from 1791-1810, produced with the approval of the printer George Strickland. It was bought by the Chicago-based Heritage auction house.
The stamp’s book value was expected to be between $35m and $45m, and the value of its post-printing investment was estimated at $10m to $15m.
Auctioneer Todd Wilson described the stamp as an “unforgettable, shining jewel”.
“This was a once-in-a-lifetime item, and when it came up on the block, we knew that this would be an extremely valuable object. We simply had to get in on it,” he said.
In 1810, then president George Washington issued a simple stamp that never reached the public, design by Strickland.
The stamp was part of a delivery of stamps to state governors during the annual meetings of the International State Stamp Collectors’ Association, which are held in Washington each year.
The auction included the 1929 Edward Jones Trust Decentralised Silver Fountain Card, which also sold for $43m.
The medal is engraved on five bronze plates and has been held by private owners since it was created in 1932.
The reclusive Elizabeth Jones designed the design.